Private Capital News
Lloyd’s has released updated forecasts for the open years of all syndicates that trade with third party capital. The forecasts are set at the reference date of 30 September 2019 and use a rate of exchange of US$1.23:£1. For Argenta clients overall, both the 2017 and 2018 years of account are showing improvement on the forecasts as issued using 30 June data. The improvement on the 2017 account is much more marked, with a number of syndicates including improvements on closed years of account and well as better than expected investment returns on the year so far in their projections.
Various managing agents have provided updated syndicate forecasts in the last 24 hours including Hiscox, TMK, MAP, Argenta, Chaucer, Atrium, Meacock, QBE and ERS.
The updated forecasts can be found here. Other managing agents will be reporting in the next few days and we will continue to post updated forecasts as they are received.